https://www.taxtmi.com/caselaws?id=369822 Banks acting as agents of the Reserve Bank of India for Government business are covered by Notification No. 22/2006-ST, because the exempted taxable services are those provided to the Reserve Bank of India where tax is payable by it under the service tax rules. On that settled interpretation, commission earned for such agency services is not liable to service tax. As a result, the related demand, interest and penalties cannot be sustained. en-us Mon, 20 Aug 2018 00:00:00 +0530 Tue, 10 Dec 2019 17:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369822 Banks acting as agents of the Reserve Bank of India for Government business are covered by Notification No. 22/2006-ST, because the exempted taxable services are those provided to the Reserve Bank of India where tax is payable by it under the service tax rules. On that settled interpretation, commission earned for such agency services is not liable to service tax. As a result, the related demand, interest and penalties cannot be sustained. Case-Laws Service Tax Mon, 20 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369822